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jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in squawk sports at 6:20 eastern. that's a good one i was watching. the next hour, we'll talk about golf. rhys jones is our guest host. he designs courses. andrew, good morning. >> thank you, becky. let's talk about earnings, starting with alco waalcoa. stronger demand for aluminum products, from airplanes and automobile producers. this offset weak aluminum prices and worries about china's slumping economy and that's probably the bigger and more important piece of all of this. the ceo cautioning that the company's noticed a slight slowdown in some re
jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in...
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we were just talking about this tweet from jack welch. he tweeted, unbelievable numbers. the chicago guys will do everything. can't debate the numbers. it is lighting up the tweet sphere. >> there was a huge 873,000 increase in the household survey exceeding the 418 in the labor force. a lot of these numbers, is there wiggle room? there's assumptions, right? >> there's a lot of wiggle room. they're calling up people on the phone. who knows who answers the phone? nowadays you have cell phones and you're not going to answer the phone at home. my phone won't be answered because you'll say that's some weird person polling me. >> although some would say how come it goes and not above. that is volatile. >> because of that, don't trust the number like that. steve had the right answer. he was averaging on ten months and now it was his forecast that was easy. >> and to be honest with you, if i was going to manipulate them
we were just talking about this tweet from jack welch. he tweeted, unbelievable numbers. the chicago guys will do everything. can't debate the numbers. it is lighting up the tweet sphere. >> there was a huge 873,000 increase in the household survey exceeding the 418 in the labor force. a lot of these numbers, is there wiggle room? there's assumptions, right? >> there's a lot of wiggle room. they're calling up people on the phone. who knows who answers the phone? nowadays you have...
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i hear from jack welch and everyone, even though we lost, nothing like any of us have ever seen. >> plus singing "ole, ole, ole." >> thank you. >>> when we come back, we have sam zell unveiling where he sees opportunities right now. stick around. we'll be right back. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for achiever in you. >>> finding opportun
i hear from jack welch and everyone, even though we lost, nothing like any of us have ever seen. >> plus singing "ole, ole, ole." >> thank you. >>> when we come back, we have sam zell unveiling where he sees opportunities right now. stick around. we'll be right back. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is...
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welch, jack welch needs to be out there helping the country get back on track. there are ceos and all sorts of people, re-tweeting what he has said. i think there are questions to be asked about the methods, pay take pla -- attention to the survey, the hours worked, that is what touches people. to say something like this is like donald trump, saying that president obama is not a citizen, without any proof. you are jack welch, take this opportunity while people are listening to you, i'm taking the tweet back, i exaggerated, there are problems, that is like asking the governor, how often do you beat your wife? >> i should have had the question mark on the back of it. let's face it, the fact is, we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them did have a number below 8.1. >> all right, jack welch there, and the next number is due out in just four days before the election. >>> all right, would you believe that a 220 pound teacher is suing, because he said a 60 pound student beat him up. our
welch, jack welch needs to be out there helping the country get back on track. there are ceos and all sorts of people, re-tweeting what he has said. i think there are questions to be asked about the methods, pay take pla -- attention to the survey, the hours worked, that is what touches people. to say something like this is like donald trump, saying that president obama is not a citizen, without any proof. you are jack welch, take this opportunity while people are listening to you, i'm taking...
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do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8% unemployment the lowest since president obama was inaugurated, correct? >> well, let's take a look at those numbers and take a little deeper look and say, for those who are not looking for a job any longer, they're not in the work place. they're not in the work participation. if you were to add those to those numbers, we'd have about 11% unemployment. look, one month of these numbers -- >> that includes people who are retired, correct? >> but let's look at those numbers a little closer again, we're looking at 43 state months of unemployment above 8%.
do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8%...
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. >> christy, some of the attacks from conservatives, such as jack welch, saying they don't believe the numbers. they believe the books are cooked essentially. explain the process of how we reach these numbers today? >> there's spin, and then there are conspiracy theories, and the spin, which is valid, if spin can be valid, is that, you know, look, you still have only 114,000 jobs created on balance. that's -- you know, you immediate on see more than that at this stage of a recovery, but let me be very clear here. these are two different reports that they put together. right? one of them is a survey of people at home where you call them up and say are you working and the people say yes or no and explain how. the other is a survey of employers where they ask are you hiring? that's where the 114,000 number comes from, so that 114,000 number might not catch everyone who is working part-time from home or just working part-time or doing some kinds of contract work, so that's why sometimes there's a discrepancy between the two. no, they're not in the basement of bls cooking the books for some
. >> christy, some of the attacks from conservatives, such as jack welch, saying they don't believe the numbers. they believe the books are cooked essentially. explain the process of how we reach these numbers today? >> there's spin, and then there are conspiracy theories, and the spin, which is valid, if spin can be valid, is that, you know, look, you still have only 114,000 jobs created on balance. that's -- you know, you immediate on see more than that at this stage of a...
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i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be kidding on this thing. i kind of think they were kidding. i hope they were kidding. i mean, there's absolutely no evidence of political changing the numbers. and if somebody were changing the numbers, why would you make the numbers last month worse than expected? why would you make the payroll numbers at 114,000, not especially impressive. it just doesn't make any sense. >> all right. austan, thanks very much for coming in. >> great to see you again mpkts a check of the top stories and then something that would change the headlines about the oba
i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be...
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rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who didn't say that? i just said that. >> let me finish. >> what are you talking about? i just said that. >> you actually didn't say that. >> i said it was wrong to go after stacey. are you seriously saying that i didn't say that? >> what i'm saying, charles, is that you can't just say that intolerance exists. what you need to be able to do is say when liberals are intolerant that it's wrong and call them out on it. you are somebody who they look up to. if you said it, if you called it out without having piers morgan pull it out of you, it -- >> nobody pulled anything out of
rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who...
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this data into some comments that were made by jack welch. here is a tweet on that -- host: he is referring to comments made on twitter earlier today by jack welch, who said clear this morning that the unbelievable jobs numbers -- of those chicago guys will do anything, the cannot debate so the change the numbers. that is from jack welch, the former head of general electric. that was on his twitter feed from earlier today. that is reported on a bloomberg and elsewhere. we're waiting for mitt romney who has a rally said in abingdon, virginia. we will take you there when it gets under way. the president making his way to cleveland state university for a rally there this afternoon. we will have that live at 2:30 eastern. that will be live at c-span.org. what you think about the jobs number and the presidential race? caller: it is good, a big deal. the guy from tennessee, he does not know what he is talking about. right now, we have to come together. this is big news. not republican, not a democrat. this is for everybody. i do not understand why
this data into some comments that were made by jack welch. here is a tweet on that -- host: he is referring to comments made on twitter earlier today by jack welch, who said clear this morning that the unbelievable jobs numbers -- of those chicago guys will do anything, the cannot debate so the change the numbers. that is from jack welch, the former head of general electric. that was on his twitter feed from earlier today. that is reported on a bloomberg and elsewhere. we're waiting for mitt...
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i want to let you know about the story on jack welch, the former chairman of general electric appeared he was dropped as a columnist from "fortune" magazine and reuters.com after he tweeted out questions in a tweet, the bureau of labor statistics job numbers, the 7.8% unemployment numbers. here he is in "the wall street journal," "i was right about that strange jobs report." ohio, independent, john, good morning to you. caller: good morning. glad to join your conversation. about affirmative action, i think we are really at a stage where we should basically say that everyone is equal. if there is discrimination, we should take aggressive action, but if we just treat everyone equally, i think that we would make better progress achieving equality. ho: ok. john from ohio, an independent there. another story, from "the new york times." "u.s. military sent to jordan on syria crisis." mostly this military unit is helping jordan handle the estimated at 180,000 syrian refugees who have crossed the border and are severely straining the country's resources. foreign policy is to be a topic in the
i want to let you know about the story on jack welch, the former chairman of general electric appeared he was dropped as a columnist from "fortune" magazine and reuters.com after he tweeted out questions in a tweet, the bureau of labor statistics job numbers, the 7.8% unemployment numbers. here he is in "the wall street journal," "i was right about that strange jobs report." ohio, independent, john, good morning to you. caller: good morning. glad to join your...
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the idea that someone like jack welch could go on television and single-handedly embarrass himself by saying that somehow these statistics are made up? it is incredibly dangerous. we wonder why institutions in this country, while the perceptions of them are failing, because people are making these things up. as for the evidence? he said that he had none. host: that was robert gibbs talking on "meet the press" yesterday. we have 15 more minutes taking your calls on what you want to hear from the mitt romney at foreign-policy address later this morning. staying on foreign policy, ryan is on the line from amarillo, texas. caller: i wanted to talk about the function of a iran. there are more sanctions on this country, and we already have problems with them. we want to police these countries to make them hate us even more? it could lead to another war. i want to see mitt romney talked about what we could do to have these countries help us, rather than causing more problems. host: let's go out to atlanta, georgia. independent line. joe, go ahead. caller: in my opinion, mitt romney is a nake
the idea that someone like jack welch could go on television and single-handedly embarrass himself by saying that somehow these statistics are made up? it is incredibly dangerous. we wonder why institutions in this country, while the perceptions of them are failing, because people are making these things up. as for the evidence? he said that he had none. host: that was robert gibbs talking on "meet the press" yesterday. we have 15 more minutes taking your calls on what you want to...
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ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate
ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took...
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jack welch tweeted this moments ago. unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers end quote. martha: hilda so liz says that that notion is lewd today rust. joined by chris wallace anchor of fox news sunday . good morning, chris. >> good to be with you. martha: what do you make about the backlash for this 7.8 number? >> it's understandable, because it's good news for president obama at a time when he very much needed it. the fact is that he had a bad debate, that his campaign was raoeulgs a reeling, is an overstatement but hit a serious pothole. and the talking point, which is that the unemployment rate under this president has been over 8% for 48 months, they can't say that any more. and obviously some romney supporters aren't happy about that. martha: whenever you look at the economic numbers i always wonder. obviously as you point out the president's detractors will try to mine mice the number and the president will build it up. it's down to everyone's individual economic reality. if it's true th
jack welch tweeted this moments ago. unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers end quote. martha: hilda so liz says that that notion is lewd today rust. joined by chris wallace anchor of fox news sunday . good morning, chris. >> good to be with you. martha: what do you make about the backlash for this 7.8 number? >> it's understandable, because it's good news for president obama at a time when he very much needed it. the fact is...
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because all of the fuss over the 7.8% unemployment number last friday and jack welch having a fit and conspiracy theorists everywhere, part of ishat apngth emy oyarrit . lngatplns part-time hiring, so people can avoid, employers can avoid benefits where it is, ultimately, by 2014 obama obamacare or whether it is now prodingny k o sue, kf bfi en1( isyn: is in the new normal? even if obamacare never happens, is this now how employers are going to treat employees? >> i think it depends on the choices made, frankly, on nomber 6th. itshe new nodee yee'oldfo f tiso you want, that choice is pretty clear. if it isn't, it's time to think about new directis. l. alisyn: lou dobbs, great to see you. thanks so much. >>> a major warning for american motoris, eangethatou ur ie r. 'rveh sex en hdies smabyoei urtoll th whe erunsmsh. they have carb steady, with carbs that dist slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes.
because all of the fuss over the 7.8% unemployment number last friday and jack welch having a fit and conspiracy theorists everywhere, part of ishat apngth emy oyarrit . lngatplns part-time hiring, so people can avoid, employers can avoid benefits where it is, ultimately, by 2014 obama obamacare or whether it is now prodingny k o sue, kf bfi en1( isyn: is in the new normal? even if obamacare never happens, is this now how employers are going to treat employees? >> i think it depends on...
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because all of the fuss over the 7.8% unemployment number last friday and jack welch having a fit and conspiracy theorists everywhere, part of it is what is happening in this economy. employers are hiring part time. we are looking at explosions in part-time hiring, so people can avoid, employers can avoid benefits where it is, ultimately, by 2014 obama obamacare or whether it is now in providing any kind of insurance, any kind of benefit, even 401(k)s. alisyn: is in the new normal? even if obamacare never happens, is this now how employers are going to treat employees? >> i think it depends on the choices made, frankly, on november 6th. it is the new normal under the policies we've followed for four years. if this is the new normal you want, that choice is pretty clear. if it isn't, it's time to think about new directions. l. alisyn: lou dobbs, great to see you. thanks so much. >>> a major warning for american motorists, the danger that could be lurking inside your car. we're live with that story next. when you have diabetes... your doctor will say get smart about your weight. that's
because all of the fuss over the 7.8% unemployment number last friday and jack welch having a fit and conspiracy theorists everywhere, part of it is what is happening in this economy. employers are hiring part time. we are looking at explosions in part-time hiring, so people can avoid, employers can avoid benefits where it is, ultimately, by 2014 obama obamacare or whether it is now in providing any kind of insurance, any kind of benefit, even 401(k)s. alisyn: is in the new normal? even if...
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even jack welch, the former ceo of ge, went on twitter to accuse the president of changing the numbers. >> i tell you, these numbers don't smell right when you think about where the economy is right now. >> reporter: the labor department called the allegations ludicrous. we went directly to the place where it's all done. this vast government building, a couple of miles from the white house, houses the labor department's bureau of labor statistics. the bls has been tabulating the monthly unemployment rate for more than 70 years. it's all based on a survey conducted in person and over the phone of 60,000 households every month. and here is where the numbers get crunched. amid a sea of high-walled cubicles, inside of each one, an economist sworn to secrecy and working on a specific aspect of that employment survey. tom nardone is in charge here. he's worked at bls since before ronald reagan was president. he introduced us to the economist who actually wrote this morning's unemployment rate announcement. how much of a secret is that number before you put it out? i mean, you can't call me u
even jack welch, the former ceo of ge, went on twitter to accuse the president of changing the numbers. >> i tell you, these numbers don't smell right when you think about where the economy is right now. >> reporter: the labor department called the allegations ludicrous. we went directly to the place where it's all done. this vast government building, a couple of miles from the white house, houses the labor department's bureau of labor statistics. the bls has been tabulating the...
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here's what jack welch, former ceo of g.e. was talking about when he talked about the tweet that questioned the veracity of the 7.8% jobs number. he was on "hardball" chris matthews. >> do you mean it's a coincidence or you have evidence there was corruption? >> i have no evidence of corruption. none whatsoever. >> so these chicago guys had nothing to do with the numbers? >> i don't know that. >> why did you say that? these chicago guys will do anything to change the numbers. you just said it in your tweet. >> i want to raise the question of these numbers. >> you do raise the question. >> because these numbers defy logic. they defy logic. >> so susan, more people from your party have latched onto this concept. is it embarrassing? is it true? is it ridiculous? >> it's shocking. when i first saw that tweet i thought he was kidding around. then to see him double down on chris matthews was frankly surprising. and i don't think many serious people take that statement seriously. that being said, it's amazing how much flack he's gett
here's what jack welch, former ceo of g.e. was talking about when he talked about the tweet that questioned the veracity of the 7.8% jobs number. he was on "hardball" chris matthews. >> do you mean it's a coincidence or you have evidence there was corruption? >> i have no evidence of corruption. none whatsoever. >> so these chicago guys had nothing to do with the numbers? >> i don't know that. >> why did you say that? these chicago guys will do anything...
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for jack welch to take this here, it's a cruel political joke. talk about normal for someone like jack welch to be taking to twitter and then dumping down on it in interviews and everything else. >> e.j., as joan just said, he doubled down. he was just on "hardball" and chris matthews gave him every opportunity to, you know, land on earth and he doubled down. let me show you what he said. >> jack, do you want to take back the charge? >> no, i don't want to take back one word in that tweet. >> so you would assert, as of now, 5:00 this afternoon, these chicago guys will do everything? >> i didn't say that they did. i said that they would do anything. >> okay. so first of all, e.j., you have been one of the esteemed journalists in this country. the unemployment figures has nothing to do with those that run the white house or in any way politically are connected with either party. i mean, is that right or wrong? >> no, that's totally right. and that's what's really important about this weird story. we really have obama der rangement syndrome going on
for jack welch to take this here, it's a cruel political joke. talk about normal for someone like jack welch to be taking to twitter and then dumping down on it in interviews and everything else. >> e.j., as joan just said, he doubled down. he was just on "hardball" and chris matthews gave him every opportunity to, you know, land on earth and he doubled down. let me show you what he said. >> jack, do you want to take back the charge? >> no, i don't want to take back...
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jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president biden. you heard that discussion. i like jack. i'm fond of the guy. jack welch has raised the question, but it was obviously his business instinct and his attitude i think towards this president that came together at 8:35 and he tweeted out this, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i heard ezra klein say in the room, that a 0.3 of 1% shift in the unemployment rate is not wild. it's very conceivable. your thoughts. >> that's absolutely true. i mean, what i just heard from jack welch was about -- with respect i gue
jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president...
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jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal clif
jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last...
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. >> i'm going to go with jack welch on this one. >> how convenient that the rate drops below 8% for the first time in 43 months, five weeks before an election. >> right back to where it was january 2009. >> folks? this is more than a quinhe coul incidence. >> what would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more. please! i think we know what's going on here. >> what are people insinuating here? that the books are cooked? >> a lot of people are saying that government is cooking the books here. >> these guys are saying they feel like they cooked the books. >> look, i got to say if you're cooking the books, 7.8% unemployment, get the. [ beep ] recipe. if you're cooking, make something nice for people. hey, unemployment's 2.6%. everybody, we're going to eat! >> ever since mitt romney called out big bird by name at last week's presidential debate, president obama's campaign has been having a lot of fun with it. at a san francisco fund-raiser last night, president obama himself once aga
. >> i'm going to go with jack welch on this one. >> how convenient that the rate drops below 8% for the first time in 43 months, five weeks before an election. >> right back to where it was january 2009. >> folks? this is more than a quinhe coul incidence. >> what would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more. please! i think we know what's going on here....
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this. >> pretty good reaction so far. >> for sure. we see green arrows across the board so far this morning today. let's talk about the revisions that we've seen because we were talking earlier before we started the show that these can go either way, and -- >> and they often do. >> and they often do. >> during recoveries, you tend to get upward revision in prior numbers, whether it's the last couple months, or as the labor department does every year, there's a set of benchmark revisions to prior data that go back even a couple years. we saw that ove
jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this....
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jack welch has an opinion on this. >> he has a tweet being widely retweeted. i read from jack's certified twitter account. unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. >> okay. >> that's quite a charge. >> by jack and mark barnicle, we know jack. he's nonpartisan. >> not going there. he said that with a wink, right? >> i don't know. >> jack? >> let me tell you something seriously. these numbers don't add up. they just don't. again, i've got no dog in the fight here as far as the numbers go. >> you want them to be good. >> we all want them to be good. my dad was unemployed. i always, you know, conservatives always get angry at me when i cheer good economic news. but mike these numbers don't add up. it doesn't make sense it would drop to 7.8% with a weak participation rate and anemic number of jobs added. >> look, i am totally unqualified to weave my way through these. >> same here. >> i'm totally unqualified. i do know this though. these new unemployment numbers while offering promise and hope to a lot of people
jack welch has an opinion on this. >> he has a tweet being widely retweeted. i read from jack's certified twitter account. unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. >> okay. >> that's quite a charge. >> by jack and mark barnicle, we know jack. he's nonpartisan. >> not going there. he said that with a wink, right? >> i don't know. >> jack? >> let me tell you something seriously. these numbers...
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howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying, but it doesn't quite feel like the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you came from, talk to the people you grew up with. >> all advice appreciated. we're moving on to win on election day on november 6th. >> it's free. anyway, coming up -- thank you, mr. mayor. coming up, mitt romney attacks president obama on foreign policy saying if he were president, he would heat up and prolong every war front in the world, iraq, afghanistan, syria. more war, continuous war, new wars. that's the romney plan. >>> also, joe the first responder. he's taken guff for his gaffes and been lampooned on "snl" but surprise, surprise, vice president joe biden is the guy who democrats are counting on this w
howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying, but it doesn't quite feel like the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you...
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. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and could these shoes be coming to a shoe store near you some us ladies hope not. the so-called scary beautiful heels are backwards so it makes the feet point straight down like a ballerina. the designer says the shoes are a commentary on today's impossible standards of beauty. and apparently impossible to walk in. >>> san francisco stays alive, a bountygate update, and the space jump will have to wait. plus the athletics steal game three from the tigers. that's all coming up in sports. you're watching "first look" on msnbc. yeah. yeah. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is
. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and...
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i think the argument that 7.8% unemployment -- i'm not jumping into any jack welch conspiracy theories or anything. i don't know if we should dance a jig over 8% unemployment. >> we're not. >> you can look at gas prices close to $4 a gallon. apparently they jumped another 20 cents in california. this is not that great of an economy. >> nobody is playing "happy days are here again." >> as you play the majs of mitt romney. he has the white sid burns. does he color his hair? i'm being sear. if he does, can we trust the guy? i'm sorry. why hasn't anyone asked that question? >> don't go to me on this. >> i have people ask me every day, why do you have donny cot the on the air? >> do you want a president of the united states who colors his hair? >> oh, my god. >> let's go to mike barnicle, ronald reagan colored his hair for 80 years. that's good. >> is that a yes? >> we don't know. >> mike, really quickly i want to touch on what jim has been talking about, the column was talking about, what a lot of middle swing voters in america are concerned about. that is that washington hasn't worked ove
i think the argument that 7.8% unemployment -- i'm not jumping into any jack welch conspiracy theories or anything. i don't know if we should dance a jig over 8% unemployment. >> we're not. >> you can look at gas prices close to $4 a gallon. apparently they jumped another 20 cents in california. this is not that great of an economy. >> nobody is playing "happy days are here again." >> as you play the majs of mitt romney. he has the white sid burns. does he...
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instead of acknowledging the positive news, jack welch led a group of lesser lights saying the numbers must have been manipulated by the obama administration and that the unemployment rate couldn't really be below 8%. jon stewart weighed in. >> it's got to be corrupt political manipulation of the official statistics. what else would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more? please. >> a lot of people are saying that the government's cooking the books here. >> i'll tell you these guys are saying they feel like they cooked the books. >> look, i got to say, if you're cooking the books, 7.8% unemployment is a [ bleep ] recipe. it's like the radish stew of jobless numbers. if you're cooking, make a nice jambalaya, something nice for people. unemployment is 2.6%. >> enough said. with the election just weeks away, positive news about the economy ignites desperation among angry republicans. >>> last time i told you about republican congressman paul broun, the member of the house science co
instead of acknowledging the positive news, jack welch led a group of lesser lights saying the numbers must have been manipulated by the obama administration and that the unemployment rate couldn't really be below 8%. jon stewart weighed in. >> it's got to be corrupt political manipulation of the official statistics. what else would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more? please....
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jack welch tweeted, former cege, who kno -- ceo of ge, he says this is unbelievable. they're messing with the numbers. steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack is right. and then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here, unbelievable jobs numbers, fair enough. these chicago guys will do anything so they change the numbers. what evidence do you have that they got to the bos? the chicago guys got to the bureau of labor statistics and jimmied these numbers by .3%. >> i have no evidence, i just raised the question. >> you came out and asserted not a question mark or talked about a coincidence, you said these chicago guys will do anything so they change the numbers. do you want to take that back? jimmying with these numbers. there was corruption here, infiltration, getting to the -- it's not funny, jack. you're talking
jack welch tweeted, former cege, who kno -- ceo of ge, he says this is unbelievable. they're messing with the numbers. steve forbes, former gop presidential candidate, berkeley man himself, retweeted it and said, jack is right. and then there was this entire universe. i joked about it. you're out of your mind if you don't think these numbers were cooked. yesterday jack welch went on my colleague "chris matthews show" and this is what transpired. >> you put out the word here,...
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former chairman and ceo of ge jack welch tweeted -- welch was backed in his theorizing by master of the outlandish alan west who wrote -- this is orwellian to say the least and representative of saul au lin ski tactics from the book rules for radicals" a must read for all who want to know how the left strategize. what's that you say, a strengthening work force and recovering economy or wellien indeed. >> they want to slow the economy before the election and if you don't believe that -- >> that was a year and a half ago. >> i have a bridge i want to sell you in oakland. that's what the republicans and obstructionists in congress is about. >> joining us is cnbc's amman jabbers. you're the man with the answers. mitt romney is walking on stage and we'll have to go to him shortly but is it a good day for the american economy or not, tell us? >> it's definitely a good day. the auto sales number was good, consumer confidence up, but we had truthers, birthers and now we've got jobbers, these people who don't believe the government data here and to those people i would quote carl sagan and say e
former chairman and ceo of ge jack welch tweeted -- welch was backed in his theorizing by master of the outlandish alan west who wrote -- this is orwellian to say the least and representative of saul au lin ski tactics from the book rules for radicals" a must read for all who want to know how the left strategize. what's that you say, a strengthening work force and recovering economy or wellien indeed. >> they want to slow the economy before the election and if you don't believe that...